Sign In
Free Newsletter
US to move forward with plans to hike EU car tariffs
U.S. Trade Representative Jamieson Greer confirmed plans to increase EU car tariffs to 25%, escalating trade tensions and impacting German automakers.
Spirit Airlines shuts down, industry’s first Iran war casualty
Spirit Airlines shut down after failing to secure bailout amid jet fuel price surge linked to the Iran war, impacting thousands of U.S. jobs and flights.
US railroads Union Pacific, Norfolk Southern seek approval for $85 billion merger
Union Pacific and Norfolk Southern submitted a revised $85 billion merger application to the Surface Transportation Board to create a coast-to-coast freight rail operator.
FCC chair says White House did not pressure him to open Disney review
FCC Chair Brendan Carr denied White House pressure to open an early license review of Disney's ABC stations, citing diversity practices as the reason.
Oil retreats after hitting four-year high on concern of US-Iran war escalation
Oil prices surged to a four-year high amid fears of a prolonged US-iran conflict disrupting middle east supply, then retreated amid market volatility.
Iran war repercussions impact shipping, oil
Global shipping companies face major disruptions as conflict in the Persian Gulf halts traffic through the Strait of Hormuz, impacting Virginia's fuel and trade costs.
Trump met with oil firms on possible months-long extension of Iran blockade
Trump met with Chevron CEO Mike Wirth and other energy officials to discuss managing oil markets amid a possible months-long iran blockade extension.
UAE leaves OPEC and OPEC+ in major blow to global oil producers’ group
The uae has left opec and opec+, weakening the oil exporting groups amid regional tensions and global energy shocks.
Oil prices hit two-week high as Iran talks stall and Strait shipments lag
Oil prices climbed to a two-week high as U.S.-Iran peace talks stalled and shipments through the Strait of Hormuz remained limited, tightening global supplies.
Justice Dept drops investigation into Fed Chair Powell, removing obstacle to Warsh
The justice department has closed its investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to Kevin Warsh's confirmation as Fed chair.
Oil volatile as supply worries offset hopes for Iran-US talks
Oil prices fluctuate as supply concerns from the Strait of Hormuz disruption offset hopes for renewed Iran-US peace talks hosted by Pakistan.
US weekly jobless claims increase marginally as labor market remains stable
Initial jobless claims in the US rose slightly to 214,000, signaling labor market stability amid economic uncertainty and geopolitical tensions.
